NGC Registry

The Magnificent Peso, Set Two

Category: Mexico
Set Type: Caballito Silver Pesos, (KM 453), 1910-1914, Circulation Issue
Owner: USMA67
Last Modified: 2/28/2019
Views: 661

Rank: 5
Score: 8347
Leading by: 1263
Points to Higher Rank: 1661
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Set Description:

This is my second set of Caballito Pesos, a coin I consider to be the most beautiful of all silver crowns among world currencies. The history is short and dramatic, and a counterpoint to the Morgan Dollar of the USA.

The “Caballito” Peso was minted from 1910 thru 1914. Die variations exist in two of those years. The first variation is on the 1911 Peso. Two designs were minted, a “Short Ray” and a “Long Ray” type, referring to the length of the sun's ray on the lower left side. The "Short Ray" is a carry-over from the 1910 dies and it is unclear how many coins were produced before new dies with the lengthened ray were placed in service.

The second variation occurred in 1913. The 1913 production includes a number of overstrikes on 1912 coins, again no quantity is known. The overstrikes diminished the population of 1912 coins, making 1912 the second smallest in primary production only to 1914.

This is an unusual time in numismatic history because the US had minted the Morgan Silver Dollar between 1878 and 1921, with a notable break in production taking place between 1905 and 1920. Mexico’s new Peso put a beautiful coin on the world stage, unchallenged by comparable years of Morgan dollars. Additionally, the “Caballito” Peso contained .7859 oz of silver as compared to the Morgan at .7736 oz. These silver Pesos were the high point of Mexican silver coinage. Their popularity extended not only throughout North America, but the Far East as well.
 Slot DescriptionGradeServiceScore
View Coin 1910 MS 63 NGC 785
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View Coin 1911 Long Ray MS 62 NGC 754
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View Coin 1911 Short Ray AU Details NGC 643
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View Coin 1912 MS 62 NGC 1114
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View Coin 1913 MS 64 NGC 893
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View Coin 1913/2 AU 58 NGC 793
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View Coin 1914 AU 58 NGC 3365
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